Thursday, March 28, 2024 | Ramadan 17, 1445 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Commercial banks loans up by 3.5pc

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The Banking credit of commercial banks in the Sultanate during the first quarter of 2017 stood at RO19,719 million compared to RO19,053 million during the same period in 2016, registering a growth by 3.5 per cent. The quarterly statistical bulletin issued by the Research and Statistics Department at the Central Bank of Oman (CBO) pointed out that the personal loans accounted for RO7,973.3 million or 40.5 per cent of the total banking credit during the first three months of 2017 compared to RO2,200.6 million or 11.2 per cent for the construction sector, RO1,698 million or 8.6 per cent for the service sector, RO1,370 million or 7 per cent for the industry sector.


The bulletin pointed out that the import sector received RO1,117.7 million or 5.7 per cent of the credit during the first quarter of 2017.


The financial institutions received RO1,041.5 million or 5.3 per cent of the total credit in the same period.


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